Scottie D. Bevill
Senior Investment Officer, Global Income Strategies Teachers' Retirement System of the State of Illinois
Private Debt
Investor
Investor
Virtual Forum 2021
22 - 23 September 2021,
Eastern Time (ET) - Available Anywhere
The premier private debt event in North America
The Private Debt Investor Virtual Forum 2021 brought together senior professionals engaged in the continued expansion of private debt as an asset class for a live and interactive virtual conference. The Forum entered its eighth successful year as the premier platform for investors to discuss how private credit strategies fit into their investment portfolios.
Attending the Private Debt Investor Virtual Forum enabled attendees to:
- Engage with private debt professionals and institutional investors to cultivate new business relationships
- Hear how firms differentiate themselves in this highly competitive and dynamic market
- Debate best practices and return strategies across the private debt and credit asset class
- Participate in a wide range of impactful discussions in various formats that include off-the-record think-tanks, sector-focused breakout sessions and fireside chats with industry leaders
2021 speakers included
Benefits of attending
Hear from top-performing private debt managers in live interactive discussions
Participate in invitation-only think tanks to share best practices and industry concerns
Tailor your PDI virtual experience by customizing your personal profile and agenda
2021 LP attendees included:
Explore the virtual experience
Platform highlights:
- Profile customization
- Create a personalized schedule by adding select sessions and face to face virtual meetings to “My Agenda”
- Want to meet list
- 1-on-1 networking meeting tools
- Interactive panel sessions with Q&A and discussion boards
- Automated reminders
- On-demand playback access to select sessions for up to 12 months.
What our attendees say about the Forum
Country Financial
Kurt Bock, Chief Executive Officer
Absolutely invaluable! The perspectives from GPs, LPs, and industry analysts all in one place made this the most beneficial investor meeting I will attend this…
Churchill Asset Management
Randy Schwimmer, Senior Managing Director
Particularly liked the number of institutional investors who attended.
Fantastic event to get a pulse of the private debt market.
Frequently asked questions
Why is the event moving to a virtual platform?
In response to covid-19, organizers of PEI’s Private Debt Investor New York Forum have made the decision to transition from an in-person conference to a live virtual conference. The decision to move our event to a virtual platform was done based on the consideration of our attendees’ safety and official health recommendations.
When are conference sessions and events?
The virtual conference will take place on:
Wednesday, September 22: 9:00 am EST – 5:15 pm ET
Thursday, September 23: 9:15 am EST – 1:35 pm ET
What about the timezone difference? How do I set meetings on my timezone?
The platform shows available meeting times as per your computer’s timezone. For example, if you are based in New York, a meeting you set for 12 pm from your account will show to a recipient in Los Angeles as 9 am, reducing the human error impact of incorrectly guessing timezones.
It is worth noting that event timings will be running on the Eastern Time Zone. The platform will note the timezone abbreviation next to most timings to avoid confusion.
Where can I find the updated schedule of events?
You can view our latest agenda.
How do I access sessions?
Two weeks prior to the event, on September 8, all attendees will be sent a link to access our virtual conference app. As a registered attendee, you will be sent a unique link to access the platform. That link is unique to you and cannot be shared with anyone else.
To learn more about this platform, please view our “How it works” page.
Do I need to sit in front of my laptop all day or all night?
No. There will be live content (which is where you can take part in live Q&As) and select sessions will be made on demand, so you can watch sessions at a time convenient to you.
What is included in the ticket price?
Every registration ticket will include access to all general sessions, breakouts, interactive discussions, virtual networking sessions & private video chat, and on-demand playback of select sessions.
Will the pricing change?
We have updated our pricing to reflect our virtual conference. Please visit the book now page for additional details.
What if I already purchased a ticket at the in-person rate?
A member of our team will be reaching out to either confirm your attendance to this year’s virtual event, transfer your registration to next year, or discuss other available options. If you have not heard from anyone, please reach out directly to our customer service team at regny@peimedia.com.
I have watched enough webinars over the past year, why would I want to watch more?
We hear you – which is why we have structured the platform to ensure you are part of the conversation. You will be able to:
- Ask questions of panel speakers during the session
- Spend time face-to-face via video conference with speakers to ask questions after the
session - Join roundtables to discuss the topics that matter to you with like-minded peers
- Focused networking breaks where you can discuss the strategies and opportunities you are interested in
- Pop in to sponsor booths to connect via video and discuss their offerings or a presentation that they have given
Additional questions?
Please feel free to contact us directly at regny@peimedia.com.
Explore the virtual experience
As we navigate the current global health crisis, we continue to offer the private debt community a Forum to engage, learn, and network. PDI will deliver the same first-class dynamic content and peer networking opportunities through our virtual platform.
Join us on September 22-23 for a virtual experience exploring a broad spectrum of private credit strategies across the capital structure including senior secured loans, subordinated debt, distressed, special situations, niche strategies, real estate, infrastructure and more.
Watch our video guide for a preview of what to expect.
The virtual platform offers:
1-on-1 networking
Utilize PDI’s virtual meeting tools to schedule private face to face video meetings with institutional investors and fund managers
High-quality content
Hear impactful panel discussions and keynote presentations from top-performing private debt managers
A customized experience
Tailor your PDI virtual experience by customizing your personal profile and agenda
On-demand access
Receive access to select sessions up to one year post-event anytime, anywhere
Network and build key relationships
Network at any time throughout the two-day PDI Virtual Forum. Take advantage of our virtual meeting tools by sending a message or scheduling a face-to-face video meeting with Forum attendees.
- Early access to the platform: Get a jump start on your PDI virtual experience when the platform opens Tuesday, September 8. Customize your own individual profile and personal agenda and begin browsing through fellow attendee and speaker profiles.
- “Want to meet” list: Attendees can add fellow attendees to their “want to meet” list; once two people have both added each other to their individual lists a private, face-to-face 25-minute video meeting will be scheduled and added to both attendees’ personal agendas.
- Search, send, and schedule features: Search attendee profiles, send fellow attendees a message, and schedule a private, face-to-face video meeting anytime during the conference. Use the built-in search function to filter the list of attendees based on selected criteria such as fund type, sector focus, strategy, AUM, etc.
Hear directly from the leaders in private debt
Through the integrated Zoom platform, participate in a wide range of impactful discussions in various formats including invitation-only think-tanks, sector-focused breakout sessions and keynote fireside chats with industry leaders.
Platform highlights:
- Live panel discussions with live audience Q&A
- Create a personalized schedule by adding select sessions and face to face virtual meetings to your customized agenda “My Agenda”
- Networking meeting tools
- Interactive discussion boards
- Automated reminders
- On-demand playback access to select sessions for up to 12 months
Meet with globally recognized service providers, fund managers, and associations
Learn more about our event sponsors and partners in the virtual networking rooms. The virtual networking rooms can be accessed at any time and there you can:
- Live chat with sponsors
- Easily request information
- Access additional resources materials available
The virtual PDI New York Forum will connect you with the leaders in the private debt community providing a place to engage, learn, and network.
Network at any time throughout the two day PDI New York virtual Forum. Take advantage of our virtual meeting tools by sending a private message or scheduling a face to face video meeting with Forum attendees.
Amplify your networking
Early access to the virtual platform
Gain access to the virtual platform two weeks before the event. Customize your own individual profile and personal agenda. Begin browsing through fellow attendee and speaker profiles.
Get a jumpstart on your PDI virtual experience when the platform opens Wednesday, September 8.
“Want to meet” list
These 25-minute video meetings are set-up through an auto scheduler based on mutual selection during the designated meeting times.
Attendees can add fellow attendees to their “want to meet” list; once two people have both added each other to their individual lists a private, face to face video meeting will be scheduled and added to both attendees’ personal agendas.
Search, send, and schedule features
Search attendee profiles, send fellow attendees a message, and schedule a private, face to face video meeting anytime during the conference. Meetings will take place as private, face to face video meetings.
Use the built-in search function to filter the list of attendees based on selected criteria such as fund type, sector focus, strategy, AUM, etc. Join your private meetings through your personalized agenda.
Pre-Event Resources
2021 Speakers included:
Scottie D. Bevill
Senior Investment Officer, Global Income Strategies Teachers' Retirement System of the State of Illinois
Young Choi
Partner, Senior Trader & Portfolio Manager, King Street Capital Management & Rockford Tower Capital Management
James F. Del Gaudio
Senior Portfolio Manager, Private Credit, Commonwealth of Pennsylvania Public School Employees' Retirement System (PSERS)
Douglas Goodwillie
Managing Partner & Co-Head, Middle Market Direct Lending, Kayne Anderson Capital Advisors
Milwood Hobbs Jr.
Managing Director and Head of North American Sourcing & Origination, Oaktree Capital Management
Joel Holsinger
Partner, Portfolio Manager, Co-Head of Alternative Credit at Ares Management Corporation
Michelle Noyes
Managing Director, Head of Americas, Alternative Investment Management Association (AIMA)
Sponsors
The Virtual Forum offered a unique opportunity for organizations to raise their profile as a part of the premier meeting for investors allocating to private debt.
For information on available 2021 sponsorship opportunities, please contact Tyler Mitchell at +1 646 795 3279 or tyler.m@peimedia.com.
2021 Agenda
View each tab below to explore the 2021 two-day virtual agenda, packed with insightful panel discussions and keynote presentations.
*Please Note: All session times listed are in the Eastern Time Zone*
View agenda page
Agenda
2021 Agenda, Day 1 - Wednesday 22nd
Think Tank
09:00 - 09:50
GP Think Tank | Closed Door, Invitation-only
Gene Miao
Facilitator:
Gene Miao, Senior Investment Strategist, Churchill Asset Management
Welcome remarks
10:00 - 10:10
PDI Welcome & Chairwoman's Opening Remarks
Michelle Noyes
PDI Welcome:
Seth Kerker, Director of Events, Americas, PEI
Chairwoman’s Opening Remarks:
Michelle Noyes, Managing Director, Head of Americas, AIMA
Michelle Noyes
Managing Director, Head of Americas, Alternative Investment Management Association (AIMA)
Read bio
Plenary sessions
10:15 - 10:45
Keynote Leadership Discussion
Jordan Stutts,
David M. Brackett,
David Golub
Moderator:
Jordan Stutts, Senior Writer, Private Markets, PEI
Keynote Speakers:
David M. Brackett, Chief Executive Officer, Antares Capital
David Golub, President, Golub Capital
10:50 - 11:20
Keynote Fireside Chat
Andy Thomson,
Ken Kencel
11:25 - 12:15
LP Roundtable Discussion
Chad Valerio,
Scottie D. Bevill,
James F. Del Gaudio,
Ryan Morse
Discussion Topics:
- Are LPs still growing allocations? To which strategies
- What strategies are most attractive (distressed/special situations, mezzanine, others)?
- Overview on past, current and future allocations to PD
- Appetite for emerging managers & emerging markets?
- What permanent changes do LPs foresee moving forward?
- Benchmarking returns – what are current expectations?
Moderator:
Chad Valerio, Managing Director and Portfolio Manager, Opportunistic Credit, Onex
Panelists:
Scottie D. Bevill, Senior Investment Officer – Global Income Strategies, Teachers’ Retirement System of the State of Illinois
James F. Del Gaudio, Senior Portfolio Manager, Private Credit, Commonwealth of Pennsylvania Public School Employees’ Retirement System (PSERS)
Ryan Morse, Director, Alternative Investments, Pennsylvania State Employees’ Retirement System (SERS)
Networking break
12:15 - 12:30
Networking break
Plenary sessions
12:30 - 13:20
The Strength of Private Credit
Katrina Rowe,
Symon Drake-Brockman,
Shannon Fritz,
Kevin Marchetti,
Jay Ramakrishnan
Discussion Topics:
2020 was an interesting case study on the strengths of the private credit market compared to other debt and credit investments
- How has private credit stacked up against the public fixed income market?
- what makes private credit so uniquely suited to withstand turmoil and volatility?
- What happens with default rates when liquidity stops getting pumped into the markets?
- What sectors in private credit have the best returns/future outlook (direct lending, distressed debt, mezzanine, real estate, infrastructure and special situations funds)
Moderator:
Katrina S. Rowe, P.C., Partner, Kirkland & Ellis LLP
Panelists:
Symon Drake-Brockman, Co-Founder and Managing Partner, Pemberton Asset Management
Shannon Fritz, Senior Managing Director, Antares Capital
Kevin Marchetti, Chief Risk Officer, Varagon Capital Partners
Jay Ramakrishnan, Managing Director, Head of Originations, AB Private Credit Investors
13:25 - 14:10
Spotlight Discussion featuring Brightwood Capital Advisors
Jordan Stutts,
Sengal Selassie
CEO & Founder of Brightwood Capital Advisors, Sengal Selassie will sit with PEI’s Jordan Stutts to discuss the firm’s strategic approach to seeking alpha in mid-market direct lending, while supporting US based companies.
Moderator:
Jordan Stutts, Senior Writer, Private Markets, PEI
Featured Speaker:
Sengal Selassie, CEO & Founder, Brightwood Capital Advisors
Breakout series
14:15 - 14:55
Track A | Real Estate Debt
Kyle Campbell,
Abbe Borok,
Greg Dineen ,
Mikhail Gurevich,
Tingting Zhang
Discussion Topics:
- The economic fallout from the pandemic and related disruptions
- Overview on delinquency rates and the outlook for CRE property values
- Overview on sectors:
- The future of office
- Residential
- Retail
- How does geography play into RE Debt (i.e., Miami becoming a new financial capital)?
Moderator:
Kyle Campbell, Senior Reporter, PEI
Panelists:
Abbe Borok, Managing Director and Head of U.S. Debt, BentallGreenOak
Greg Dineen, Partner/Chief Credit Officer, Torchlight Investors
Mikhail Gurevich, Managing Partner, Dominion Capital (LP) (family office)
Tinting Zhang, Founder and CEO, TerraCotta Group
14:15 - 14:55
Track B | Infrastructure Debt Investment Highlights
Samantha Rowan,
Paul Colatrella,
Daniel Fuchs,
Hitesh Kumar
Discussion Topics:
- How will the initiatives of the Biden administration impact the sector?
- For the most part infrastructure debt is seen as a safe and secure space but some area may be more risky than you think. What areas are riskier than others?
- The importance of digital infrastructure and how its driving infrastructure debt growth
Moderator:
Samantha Rowan, Editor, PEI Media
Panelists:
Paul Colatrella, Managing Director-Infrastructure Debt, Fiera Private Debt
Daniel Fuchs, Director – Infrastructure Debt, BlackRock Real Assets
Hitesth Kumar, Portfolio Manager, Orchard Global Asset Management
Networking break
14:55 - 15:05
Networking Break
Breakout series
15:05 - 15:45
Track A | Private Debt Secondaries
Jeff Hammer,
Tim Henn,
Rakesh (Rick) Jain,
Cari Lodge
Discussion Topics
- Impact the last year has had on the private debt secondaries market
- Expansion of the private debt secondaries market
- The key drivers like:
- Rebalancing of portfolios and the likely rise in GP-led restructurings following COVID-19 related market dislocation
- What do LPs think about the private debt secondaries market and if they are not prepared to allocate, why?
Moderator:
Jeff Hammer, Global Co-Head of Secondaries-Private Markets, Manulife Investment Management
Panelists:
Tim Henn, Senior Vice President, Portfolio Advisors
Rick Jain, Partner & Global Head of Private Credit, Pantheon Ventures
Cari Lodge, Managing Director and Head of Secondaries, Commonfund Capital
15:05 - 15:45
Track B | Diversity in the Private Credit Industry
Alona Gornick,
Milwood Hobbs Jr.,
Liddy Karter,
Jacqueline Taiwo
Discussion Topics
- What work is being done towards positive change?
- What is being done to address diversity during the hiring processes? How do you increase and broaden the talent pipeline?
- What efforts have you implemented to retain a diverse workforce?
- What are you doing to boost overall culture at your firms?
- Diversity and inclusion oversight
Moderator:
Alona Gornick, Managing Director, Private Credit Origination, Churchhill Asset Management
Panelists:
Milwood Hobbs, Jr., Managing Director and Head of North American Sourcing & Origination, Oaktree Capital Management
Liddy Karter, Managing Partner, Mizzen Capital
Jacqueline Taiwo, Principal, TowerBrook & Co-Founder, Black Women in Asset Management
Milwood Hobbs Jr.
Managing Director and Head of North American Sourcing & Origination, Oaktree Capital Management
Read bio
Closing plenary session
15:50 - 16:40
Direct Lending
Patrick Dalton,
Taylor Boswell,
Brent Humphries,
Marc Lipschultz,
Brad Marshall
Discussion Topics:
- Appeal of Direct Lending as an asset class
- Supply and demand dynamics in the direct lending space
- Competition in the space
- Offering flexible service offering
Moderator:
Patrick Dalton, Chief Executive Officer, FrontWell Capital Partners Inc.
Panelists:
Taylor Boswell, Chief Investment Officer of Carlyle Direct Lending, The Carlyle Group
Brent Humphries, President, AB Private Credit Investors
Marc Lipschultz, Co-Founder and Co-President, Blue Owl Capital
Brad Marshall, Senior Managing Director, Blackstone Credit
Agenda
2021 Agenda, Day 2 - Thursday 23rd
Off the record
09:00 - 10:00
Women's Roundtable | Closed Door | Invitation-only
Michelle Noyes
Michelle Noyes, Managing Director, Head of Americas, AIMA
Michelle Noyes
Managing Director, Head of Americas, Alternative Investment Management Association (AIMA)
Read bio
Plenary sessions
10:05 - 10:40
Keynote Discussion: Qualities of a Good Credit Manager in Times of Volatility
James H. Kirby
Keynote Speaker:
James H. Kirby, President & Co-Founder, Deerpath Capital Management
10:45 - 11:35
The Expansion of Private Credit as an Asset Class
Benjamin Rubin,
Douglas Goodwillie,
Kevin Griffin,
Joel Holsinger,
Jocelyn Lewis
Discussion Topics
- The continued increase in loan sizes and competition with syndicated markets
- The big tent of private credit (non-sponsored, credit opportunities, special situations, sector lending, etc.)
- Customized solutions (unique and traditional structures)
Moderator:
Benjamin E. Rubin, Partner-Private Credit Group, Proskauer
Panelists:
Douglas Goodwillie, Managing Partner & Co-Head, Middle Market Direct Lending, Kayne Anderson Capital Advisors
Kevin Griffin, CEO & CIO, MGG Investment Group
Joel Holsinger, Partner, Portfolio Manager, Co-Head of Alternative Credit, Ares Management Corporation
Jocelyn Lewis, Executive Director, IHS Markit
Networking break
11:35 - 11:45
Networking break
Plenary session
11:45 - 12:35
Stressed, Distressed, and Special Situations
Jeffrey Dorigan,
Ray Costa,
Jon Fox,
Jun Hong Heng,
Michael Morris
Discussion Topics
- In 2020, nimble private credit managers took advantage of distressed investment opportunities. How has that strategy played out?
- Are LPs willing to commit capital for future opportunistic investments?
- Case studies on managing defaults and resolving issues
Moderator:
Jeffrey Dorigan, Senior Vice President, BBH Alternative Fund Services
Panelists:
Ray Costa, Managing Director-Corporate Credit, Benefit Street Partners
Jon Fox, President and Partner, Värde Partners
Jun Hong Heng, Founder and Chief Investment Officer, Crescent Cove Advisors
Michael Morris, Managing Director, Northleaf Capital
Jeffrey Dorigan
Senior Vice President of BBH Alternative Fund Services, Brown Brothers Harriman
Read bio
Plenary session
12:40 - 13:20
CLO Focus
Gretchen Bergstresser,
Young Choi ,
Wynne Comer,
Karen Lau,
Dagmara Michalczuk
Discussion Topics
- 2021 Outlook on the CLO market
- What advantages do CLOs offer over other structured products and credit assets?
- Collateralized loan obligations in US vs Europe
- Managing the complexity of CLOs and leveraging technology
- Role of the ratings agencies
Moderator:
Gretchen Bergstresser, Partner and Global Head of Performing Credit, CVC Credit Partners
Panelists:
Young Choi, Partner, Senior Trader & Portfolio Manager, Rockford Tower Capital Management
Wynne Comer, Chief Operating Officer, AGL Credit Management CLO
Karen Lau, Portfolio Manager, Onex
Dagmara Michalczuk, Principal and Portfolio Manager, Tetragon Credit Partners
Young Choi
Partner, Senior Trader & Portfolio Manager, King Street Capital Management & Rockford Tower Capital Management
Read bio
Plenary sessions
13:25 - 14:15
ESG Focus
Faith Rosenfeld,
Jens Ernberg,
Ariel Goldblatt,
Tanner Powell
Discussion Topics
- Loan structuring to encourage responsible behavior
- Innovative ways to link loans to ESG considerations
- Incorporating ESG considerations to assess risk metrics and thematic issues including climate change, energy transition, resource availability, workforce practices and inclusive growth
- Using data & ESG analytics
- Acquiring data and meeting LP expectations for reporting
- Impact of EU regulation
Moderator:
Faith Rosenfeld, Governing Partner and Chief Administrative Officer, HPS Investment
Partners
Panelists:
Jens Ernberg, Managing Director and Co-head of Private Credit, Capital Dynamics
Ariel Goldblatt, Partner, Stepstone Group (LP)
Tanner Powell, Partner, Apollo Global Management
Plenary sessions
14:15 - 14:45
Closing Keynote
Robin Blumenthal,
John Zito
14:45 - 14:45